Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$371,723$368,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$2,691.41$2,554.26
2nd payment$0.00$0.00
Taxes / mo$30.42$30.42
Insurance / mo$150.00$150.00
MI / mo$175.22$73.78
HOA / mo$69.00$69.00
Total monthly$3,116.05$2,877.46
Cash to close$38,177$40,990